Shares of Five Below, Inc. (FIVE) are slipping over 12% on Thursday morning after the company reported a fourth-quarter profit that fell short of expectations, and also issued a weak outlook for the first quarter.
FIVE is currently trading at $183.29, $25.68 or 12.29%, on the Nasdaq. The stock opened its trading at $183.00 after closing Wednesday at $208.97. The stock has traded between $144.57 and $220.19 in the past 52-week period.
Sales increased by 19.1% to $1.34 billion from $1.12 billion in the fourth quarter last year.
Profit for the fourth quarter was $202.2 million or $3.65 per share, compared to $171.3 million or $3.07 per share last year. Analysts polled by Thomson Reuters expected earnings of $3.78 per share for the quarter.
Looking forward to the first quarter, sales are expected to be in the range of $826 million to $846 million and earnings of $0.58 to $0.69 per share. Analysts currently estimate revenues of $851.96 million and earnings of $0.76 per share.
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